Court Tosses $80M ERISA Suit Against New York Bancorp

Law360, New York (October 27, 2006, 12:00 AM EDT) -- A federal judge has dismissed a long-running ERISA lawsuit against New York Bancorp Inc., ruling that the remaining plaintiff in the $80 million case lacks standing to sue.

In a decision handed down Wednesday in the U.S. District Court for the Eastern District of New York, U.S. District Judge Leonard Wexler said that Brenda Greenblatt, one of two lead plaintiffs in the case and a former participant in the company’s 401(k) plan, lacks standing because she was not a participant in the savings plan during the...